greenmail
📖 Definitions
noun
The practice of buying a large quantity of a company’s stock as a means of hostile takeover, then selling it back to the company at a higher price.
verb tr.
To subject a company to this tactic.
💬 Usage Examples
“The team pulled together by the bond holders ... suggests that they are in for the longer haul -- not just for a quick buck through greenmail.” Richard Gluyas; Surprise Move Adds to the Turbulence in Airline Dogfight; The Australian (Canberra); Jun 25, 2020.